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| Steve Hyatt |
FORT LAUDERDALE, FL – Berger Commercial Realty announced the $7.5
million purchase of land in Plantation that will be developed into a new
apartment complex, tentatively slated as Broadstone Plantation.
Berger Commercial Realty
Senior Vice President Steve Hyatt
represented buyer Alliance Residential Company in the deal, which closed on
Friday. The land was sold by William
Murphy of Sunrise Properties and Investments #14 LLC.
Located at 6901 W. Sunrise
Blvd., the 12-acre parcel currently houses a former office building. The new
multi-family development will feature 250 garden-style units surrounding a
lake with amenities such as a community clubhouse,
pool, fitness center and dog park.
"This was an
attractive acquisition for Alliance due to the property's central location in
Broward County and proximity to major employment centers," Hyatt said.
This is the second land
purchase that Hyatt has closed for Alliance this year. In March, he represented
the company in purchasing 4.26 acres of land, located at 1701 S.E. 17th St. in
Fort Lauderdale, from Art Institute Investments, LLC for $22.1 million. The
company is developing that parcel into a 394-unit apartment complex named
Broadstone Harbor Beach.
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| Rendering of Planned Broadstone Harbor Beach Apartments, Plantation, FL |
Plans for Broadstone
Harbor Beach include eight stories of apartment units; high-end amenities such
as a club room, pool, putting green and state-of-the-art fitness center; 2,700
square-feet of retail space; and a 4,600-square-foot retail outparcel.
Headquartered in Phoenix
with a regional office in Boca Raton, Alliance is one of the largest private
multi-family development companies in the United States, purchasing real
estate, developing projects and managing properties in 19 states and 29 metropolitan
markets throughout the country.
Hyatt has more than 30
years of real estate experience in the South Florida market. His focus areas
include investment sales, land brokerage, and acquisition / disposition
services for both corporate clients and private investors.
For a complete copy of the company’s news release,
please contact:
Marielle Sologuren
Pierson Grant Public
Relations
(954) 776-1999, ext. 226
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